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Bank of Washington


Overview / Commentary
www.bankofwashington.com
636-239-7831
200 West Main Street
Washington, MO 63090

Bank of Washington is headquartered in Washington and is the 35th largest bank in the state of Missouri. It is also the 1,065th largest bank in the nation. It was established in 1877 and as of September of 2019, it had grown to 108 employees at 6 locations. Bank of Washington's CD rates are 28% higher than the national average, and it has a B+ health rating.

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Reviews (2)

TERRIBLE TIME EXITING

Posted by: |

Bank of Washington wasn't a terrible bank to bank with while we lived in Washington. Nothing special either, but no big complaints.

BUT WHEN WE WERE TRYING TO LEAVE the Bank of Washington, HOLY COW! "Christa" laughed at my frustation of being charged for an account we thought had previously closed. Charged me quadtruple what my fees were and didn't inform me of anything until MONTHS after we closed our account. Shame on you Bank of Washington.

1

Bank Of Washington

Posted by: |

Basically, I've had two major issues with this home town bank. The first time I was a victim of identity theft and my bank provided poor customer service, didn't cancel my debit card when it was reported, left it to me to try to recover the funds, and told me they would only work with police with a court order. The second time I was on vacation, only to discover that to limit identity theft, they only allow you to use your debit card in the state of Missouri (or a select others), or out of state, with a pin. (In other words, no credit transactions.) Now, I realized it was at a few other states that this bizarre practice was going on, just not quite the extent. When I called, again I was on the receiving end of poor customer service. What made me all the more bitter about the second experience was the first, knowing that they really weren't going to help people out until they were absolutely forced.

3


Health
B+

Data as of Q3 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #12627
Year Established1877
Employees108
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.76%
Return on Equity - YTD14.04%
Annual Interest Income$26.1MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$721.3MM$676.2MM
LoansQ3 2019vs Q3 2018$584.5MM$544.3MM
DepositsQ3 2019vs Q3 2018$577.8MM$542.0MM
Equity CapitalQ3 2019vs Q3 2018$94.4MM$84.2MM
Loan Loss AllowanceQ3 2019vs Q3 2018$12.5MM$14.1MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$30.7MM$36.2MM
Real Estate OwnedQ3 2019vs Q3 2018$11.0MM$11.6MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not Bank of Washington; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank of Washington Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$10k*-Health Savings Account
OTHER TIERS: 0.35% → Up to $2.5k | 0.45% → $2.5k - $10k
0.15%--Personal Savings
0.15%--Christmas Club Account
0.15%--Business Savings

Bank of Washington Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$50k*-Money Market Deposit Account
OTHER TIERS: 0.30% → Up to $20k | 0.35% → $20k - $50k
0.45%*$50k*-Business Money Market Deposit Account
OTHER TIERS: 0.30% → Up to $20k | 0.35% → $20k - $50k

Bank of Washington Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*-$30kGreen Advantage - Qualifying
OTHER TIERS: 0.15% → $30k+
0.75%*-$30kGold Advantage Checking - Qualifying
OTHER TIERS: 0.25% → $30k+
0.15%--NOW Account

Bank of Washington CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%$5k-60 Month CD
1.80%$5k-Business 60 Month CD
1.71%$5k-8 Month CD Special
1.71%$5k-Business 8 Month CD Special
1.70%$5k-48 Month CD
1.70%$5k-Business 48 Month CD
1.40%$5k-24 Month CD
1.40%$5k-36 Month CD
1.40%$5k-Business 24 Month CD
1.40%$5k-Business 36 Month CD
1.25%$5k-18 Month CD
1.25%$5k-Business 18 Month CD
1.15%$5k-12 Month CD
1.15%$5k-Business 12 Month CD
0.65%$5k-6 Month CD
0.65%$5k-Business 6 Month CD
0.50%$5k-91 Day CD
0.50%$5k-Business 91 Day CD

Bank of Washington IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.80%$5k-60 Month IRA
1.71%$5k-8 Month IRA Special
1.70%$5k-48 Month IRA
1.40%$5k-24 Month IRA
1.40%$5k-36 Month IRA
1.25%$5k-18 Month IRA
1.15%$5k-12 Month IRA
0.65%$5k-6 Month IRA
0.50%$5k-91 Day IRA
Locations


Bank of Washington Locations
Schnucks Super Center Branch2073-A Washington CrossingWashington, MO 63090
East Fifth Street Branch2629 East Fifth StreetWashington, MO 63090
Gray Summit Branch2687 Highway 100Gray Summit, MO 63039
Villa Ridge Branch3333 Hwy 100Villa Ridge, MO 63089
Detached FacilityFourteenth and Jefferson StreetsWashington, MO 63090
Bank Of Washington200 West Main StreetWashington, MO 63090

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